09:12 AM EDT, 06/30/2025 (MT Newswires) -- Aris Mining ( ARMN ) said Monday that it completed the installation and commissioning of a second processing mill at the Segovia operation in Colombia.

The new mill increases Segovia's processing capacity by 50% to 3,000 tonnes per day (tpd) from 2,000 tpd previously, the company said. The project was completed on schedule and within budget, Aris said.

Following the expanded capacity at Segovia, Aris expects its gold production to reach 210,000 to 250,000 ounces this year, increasing from 187,583 ounces produced in 2024.

Segovia is on track to achieve annual production of 300,000 ounces in 2026, Aris said.